Wealth and Wisdom: Week of January 16, 2023

If you’re wondering what’s ahead for stock prices, here’s what to pay attention to now: corporate earnings. Companies are just starting to report their profit results for the fourth quarter of 2022, and they will show the effects of the recent outbreak of inflation and the impact of the Fed’s aggressive campaign to drive up interest rates.

The consensus is that earnings will decline, possibly by 4% or so year-over year. That scenario lines up with the growing assumption that we’ll see a recession sometime later this year. But if earnings come in stronger than expected over the next several weeks, it could be a sign the recession could be brief and mild – unless we skirt it altogether.

Get ready for tax season

Year-end statements and 1099s are headed for your mailbox. Get organized early to save time and money when you do your 2022 taxes. (Reading time: 2 minutes)

An old idea made new again

Generation Z has turned an old-fashioned money management strategy into the latest craze – and they’re calling it “cash-stuffing.” (Reading time: 7 minutes)

Getting proactive with your credit cards

With credit card interest rates climbing, now’s a good time to go on the offensive and maximize your perks. (Reading time: 6 minutes)

Learning from market history

This article includes some interesting and colorful illustrations of how equities have performed over time. Great perspective. (Reading time: 5 minutes)

The magic of compounding

Will you keep working for money the rest of your life – or will you teach money to work for you? (Reading time: 3 minutes)

Behaving badly

As you read in the last article, time is your biggest ally when it comes to creating wealth. And your biggest potential enemy – is you. (Reading time: 5 minutes)

Don’t ‘orphan’ your 401(k)

Help is on the way for millions of Americans who have somehow lost track of their 401(k) accounts when they changed jobs. (Reading time: 6 minutes)

When to take Social Security early

Prevailing wisdom says to postpone claiming Social Security in order to get higher benefits – but some people can’t afford to wait. (Reading time: 4 minutes)

Can you save money by downsizing your home?

It’s not as simple these days as it used to be. (Reading time: 4 minutes)

Trying to get rich twice

Rags-to-riches stories can be inspirational – unless they repeat themselves. (Reading time: 3 minutes)

Words to the Wise

“You can learn from your mistakes – but it’s better to learn from someone else’s mistakes.”

– Warren Buffett

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